SAP - Sappi Limited - Dealing In Securities By Directors Of Listed Companies

SAP - Sappi Limited - Dealing In Securities By Directors Of Listed Companies    
Sappi Limited                                                                   
Incorporated in the Republic of South Africa                                    
Registration Number: 1936/008963/06)                                            
ISIN Number: ZAE000006284                                                       
JSE Share Code: SAP                                                             
("Sappi" or "the Company")                                                      
DEALING IN SECURITIES BY DIRECTORS OF LISTED COMPANIES                          
In terms of paragraph 3.63 of the Listing Requirements of the JSE Securities    
Exchange, we hereby provide the following information regarding dealing in      
securities of Sappi by directors of the Company and by directors of the         
Company`s major subsidiary companies. The dealing which is in terms of the Sappi
Limited Share Incentive Scheme, and for which clearance was received in terms of
Listings Requirement 3.74, is as follows :                                      
Director`s Name          :    Jennifer Miller (USA Resident)                    
Company (Subsidiary)     :    Sappi Fine Paper North America                    
Date of transaction      :    14 November 2008                                  
Nature of transaction    :    Sale of shares arising from exercise of rights to 
                             shares in terms of the Sappi Limited Share         
Incentive Scheme                                   

Number of rights                                                                
exercised/shares sold    :    2,500                                             
Dates rights granted                                                            
and prices               :    2,500 on 15 January 2001 : R49,00                 
Vesting period           :    Over 5 years expiring after 8 years               
                             (15 January 2009)                                  
Selling prices           :    R58.55                                            
Class of security        :    Ordinary shares                                   
Extent of interest       :    Direct beneficial                                 
19 November 2008                                                                
Date: 19/11/2008 12:35:01 Supplied by www.sharenet.co.za                     
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